25
Sunday
February 2018
1:27 PM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
Business News
Deadline for linking PAN with Aadhaar extended till Dec 31
 
(New Delhi, Aug 31, 2017):The government on Thursday extended by four months, the deadline to link Aadhaar and PAN till December 31. This move comes at a time when a similar extension has been granted for furnishing Aadhaar to avail benefits of social welfare schemes.

“To facilitate ease of compliance by the taxpayers, CBDT has extended the date (for) ... linking Aadhaar with PAN till December 31, 2017,” the finance ministry said in a statement.

Also, the ‘due-date’ for filing Income Tax returns and audit reports has been extended by a month to October 31 for all taxpayers who were liable to file their returns by September 30, 2017.

The extension has to be read in the backdrop of the fact that Aadhaar is facing a slew of legal challenges on grounds that it breaches privacy, leaving officials to wonder if the government can still push ahead with its use in a wide range of services.

These concerns have heightened since the Supreme Court’s privacy judgement on August 24.

Government sources say that reading of the privacy judgement and other SC verdicts on the biometric-based identity scheme show that Aadhaar could lose its position of eminence against pre-existing identity proofs.

Joint readings of the apex court’s judgements since 2015 on Aadhaar reveal the SC has raised doubts about the legality of making the Aadhaar project the basis of availing citizens’entitlements.

In its landmark judgement on privacy, SC had referred the challenges to the Aadhaar scheme to another bench of judges that will begin hearing the matter from November.

But before that, the apex court from September 4 will start hearings into Jairam Ramesh’s challenge against the validity of Aadhaar Act.

“Aadhaar is a proof of identity of an Indian citizen and not for availing benefits as a citizen or activities such as opening bank accounts, filing tax returns, passport applications,” said Gopal Krishna, member, Citizens Forum for Civil Liberties, one of the first petitioners against the Aadhaar programme.

Top sources in the government said that the tax department has been studying the privacy judgement to see if it contradicts the mandatory linking of Aadhaar with PAN for income tax returns (ITR).

“We are reading the judgement to see if it makes mandatory linking of Aadhaar and PAN for ITR legally untenable. We are in touch with the law ministry,” said a senior officer in the tax department.

The government had made it must for people to link their Aadhaar with their PAN for income tax returns (ITR) from this year and warned that those not adhering to the rule could lose their permanent account numbers.

Tax payers were also at the risk of facing legal proceedings if their PAN was cancelled, which could invalidate their ITR. The government said that this linking would stop duplication of PAN and dubious tax returns.

But this mandate was challenged at the Supreme Court leading to a verdict in June that restrained the government from initiating criminal proceedings against tax payers who do not link Aadhaar and PAN. But the verdict did not strike the government’s move to link the two for filing tax returns or for PAN application.


China takes over Anbang Insurer Group that owns Waldorf Astoria
Gold recovers on scattered buying by jewellers
Rupee recovers 17 paise against US dollar
Sensex jumps 107 pts as March F&O series opens strong
4G speed in India slowest in world
Sensex slips 144 points ahead of F&O expiry
Rupee declines 30 paise against dollar in early trade
Weak demand, global cues soften gold
Indian IT Likely To See 7-9% Growth In FY19, May Hire 1 Lakh New Techies
Rupee falls 31 paise against US dollar in opening trade
Tata Steel emerges as the highest bidder for Bhushan Steel with a surprise bid of Rs 35,000 crore
Debt-laden Aircel to file for bankruptcy at NCLT
Gold slips on fall in demand, global cues
PNB fraud: Nirav Modi, Mehul Choksi's passport suspended; 50 more firms to be raided
Rupee gains 6 paise against dollar in opening trade
Sensex rises 196 pts, Nifty reclaims 10,600-mark
Re gains 14 P to trade at 2-week high in opening trade
Uber CEO aims to pare losses and get 'the love back'
Jewellery stocks take a hit after PNB fraud
Sensex rises over 200 points, Nifty near 10600
KERALA NEWS
Veerendra Kumar condemns lynching of Madhu
 (Kozhikode, Feb 24, 2018): JD(U) state president M P Veerendra Kumar today condemned the lync  
Centre seeks report on lynching of tribal man
Madhu's postmortem report out
Madhu's death: Latest developments in a nutshell
INTERNATIONAL NEWS
US schools need 'offensive capability': Trump
 (Washington, Feb 24, 2018): President Donald Trump has reiterated the idea of arming teachers
Three bombs hit capital of Myanmar's Rakhine state
Trump announces 'heaviest ever' sanctions on North Korea
Suicide bomber in Kabul kills one, injures six
NATIONAL NEWS
3 killed in road accidents in Amethi
 (Amethi (UP), Feb 24, 2018): Three people were killed and seven injured in separate road acci
Seven SC judges to retire in 2018
EC orders repolling in six booths in Tripura, CPI(M) fumes
Jaitley slams regulators, auditors for PNB fraud
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.